China officially investigates Mr. Jack Ma’s Ant Group
Communist Party Central Committee for Discipline Inspection China (CCDI) played a key role in the investigation into links between Mr. Jack Ma’s Ant Group and Chinese state-owned companies.
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CCDI Headquarters in Beijing reuters |
CCDI, China’s top anti-corruption agency, is among the units directly investigating the empire’s influence technology Billionaire Jack Ma’s Ant Group finance for the country’s state-owned companies, according to Reuters on April 14.
Earlier, Bloomberg News, citing sources familiar with the matter, said that the CCDI wanted to find out the extent of the impact on the scope of its transactions. Ant Group with banks and state enterprises.
Is a branch of an e-commerce group Alibaba Group, Ant Group is being forced to undergo extensive restructuring at the request of the Beijing government. This has delayed Ant Group’s initial public offering (IPO) to the end of 2020.
According to Bloomberg, the CCDI since February has been sending questions to state-owned enterprises about Ant’s connections, as part of an investigation into former City Party Secretary Zhu Jiang Yong of Hangzhou (Zhejiang Province), the country’s technological center.
Hangzhou is the headquarters of many large technology corporations in China, including Alibaba and Ant Group by Billionaire Jack Ma Foundation.
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| China is strong with the empire business by billionaire Jack Ma |
Mr. Zhou was arrested in August 2021 and investigated by the CCDI for corruption. In January 2022, he was expelled from the party for facing charges of abusing his position and accepting huge bribes for nearly two decades. A month later, Mr. Zhou was officially arrested and prepared to appear in court.
At the beginning of the year, newspaper Financial Times citing private sources revealing Ant Group’s involvement in the case corruption case by Mr. Chu.
at Blogtuan.info – Source: thanhnien.vn – Read the original article here
